Gibson Energy Inc. (GEI) Given New C$19.50 Price Target at Canaccord Genuity

Gibson Energy Inc. (TSE:GEI) had its target price lowered by Canaccord Genuity from C$20.00 to C$19.50 in a research note issued to investors on Monday morning.

A number of other research analysts also recently commented on GEI. BMO Capital Markets dropped their target price on shares of Gibson Energy from C$20.00 to C$18.00 in a research report on Wednesday, July 19th. CIBC lowered their price objective on shares of Gibson Energy from C$19.00 to C$18.00 in a research report on Monday, July 24th. TD Securities lowered their price objective on shares of Gibson Energy from C$19.50 to C$18.50 and set a hold rating on the stock in a research report on Thursday, August 3rd. National Bank Financial lowered their price objective on shares of Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating on the stock in a research report on Thursday, November 9th. Finally, Raymond James Financial, Inc. lowered their price objective on shares of Gibson Energy from C$22.00 to C$21.00 and set an outperform rating on the stock in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Gibson Energy has an average rating of Hold and an average target price of C$18.88.

Gibson Energy (GEI) opened at C$16.33 on Monday. Gibson Energy has a 52-week low of C$15.92 and a 52-week high of C$20.31.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.08%. The ex-dividend date of this dividend is Thursday, December 28th. Gibson Energy’s dividend payout ratio (DPR) is -244.44%.

In related news, Director Sean William Duffee sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of C$17.70, for a total value of C$88,500.00. Insiders sold 27,781 shares of company stock valued at $88,500 in the last quarter.

Gibson Energy Company Profile

Gibson Energy Inc is a Canada-based integrated service provider to the oil and gas industry with operations across producing regions throughout North America. The Company is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste and refined products.

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